Deal Strengthens Expertise in Equity-Linked Derivatives
IHS Markit announced in April that it has acquired DeriveXperts, a provider of valuation services for OTC derivatives and other complex financial securities. IHS Markit said the acquisition of the Paris-based company "complements and enhances" its existing derivatives data and valuations businesses and strengthens its client base in Europe, particularly in French-speaking areas.
“DeriveXperts brings us a skilled team and a high-quality service that extends our offering for derivatives, particularly in equity-linked products, an area that we see growing across all of our customer segments,” said Gianluca Biagini, managing director for derivatives data and valuation services at IHS Markit.
DeriveXperts was founded in 2003 and specializes in daily and monthly computations of hard-to-value assets, such as equity derivatives, FX derivatives, interest rate derivatives and structured notes.
